PPL (PPL) Expected to Announce Earnings on Friday

PPL (NYSE:PPL) will likely be posting its quarterly earnings results before the market opens on Friday, February 21st. Analysts expect PPL to post earnings of $0.39 per share for the quarter. PPL has set its FY 2025 guidance at 1.750-1.870 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

PPL (NYSE:PPL) last posted its earnings results on Thursday, February 13th. The utilities provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.03). The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.09 billion. PPL had a return on equity of 8.88% and a net margin of 10.49%. On average, analysts expect PPL to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

PPL Stock Up 0.5 %

Shares of NYSE PPL opened at $34.38 on Thursday. The stock has a market cap of $25.38 billion, a PE ratio of 28.42, a PEG ratio of 2.73 and a beta of 0.83. The business has a fifty day moving average of $32.93 and a two-hundred day moving average of $32.67. PPL has a 52-week low of $25.87 and a 52-week high of $35.15. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.71 and a current ratio of 0.86.

PPL Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a dividend of $0.2725 per share. This is an increase from PPL’s previous quarterly dividend of $0.26. This represents a $1.09 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Monday, March 10th. PPL’s dividend payout ratio (DPR) is currently 85.12%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on PPL shares. JPMorgan Chase & Co. started coverage on shares of PPL in a research note on Friday, October 25th. They issued an “overweight” rating and a $37.00 target price for the company. Barclays cut their price objective on PPL from $34.00 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 22nd. Jefferies Financial Group cut their price objective on PPL from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, December 17th. Citigroup lifted their price objective on PPL from $31.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Finally, Bank of America lifted their price target on PPL from $34.00 to $35.00 and gave the company a “buy” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Insiders Place Their Bets

In other PPL news, COO David J. Bonenberger sold 981 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $33.48, for a total transaction of $32,843.88. Following the completion of the sale, the chief operating officer now owns 45,414 shares in the company, valued at approximately $1,520,460.72. The trade was a 2.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John R. Crockett III sold 1,589 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $33.12, for a total value of $52,627.68. Following the completion of the transaction, the insider now owns 10,845 shares in the company, valued at $359,186.40. This represents a 12.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,633 shares of company stock valued at $346,657. 0.22% of the stock is currently owned by insiders.

PPL Company Profile

PPL Corporation, an energy company, focuses on providing electricity and natural gas to approximately 3.6 million customers in the United States. It operates through three segments: Kentucky Regulated, Pennsylvania Regulated, and Rhode Island Regulated. The company delivers electricity to customers in Pennsylvania, Kentucky, Virginia, and Rhode Island; delivers natural gas to customers in Kentucky and Rhode Island; and generates electricity from power plants in Kentucky.